The Likely Result of a Lack of Proper Authorisation in the Sales

question 55

Multiple Choice

The likely result of a lack of proper authorisation in the sales and collection cycle is:

• A) the loss of company assets by shipping goods to fictitious customers.
• B) the loss of potential revenue by billing sales at an incorrect price.
• C) the loss of company assets by shipping goods to customers who fail to pay for them.
• D) all of the above

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Definitions:

Hedgehog Concept

A strategic approach that focuses on simplifying complexity to find the intersection between what you are passionate about, what drives your economic engine, and what you can be the best at.

Diversify

To diversify means to broaden or vary a range of products, investments, skills, etc., to reduce risk or increase the chance of success or improvement.

Knowledge Application

The process of applying acquired knowledge in real-world contexts to solve problems or achieve specific outcomes.

Job Activities

Tasks, duties, and responsibilities performed by individuals in their occupations.